Gold, silver rally for second day in a row as investors buy the dip
Yahoo Finance·2026-02-04 16:04

Group 1 - Gold futures are hovering near $5,000, while silver has rallied for two consecutive days after a significant drop last week [1] - Analysts from Goldman Sachs forecast gold prices could reach $5,400 per troy ounce by the end of 2026, driven by central bank accumulation and increased gold ETF purchases [2] - JPMorgan analysts predict gold prices could rise to $6,300 per ounce by the end of 2026, citing strong demand from central banks and investors [4] Group 2 - Silver experienced a dramatic drop of over 30% last Friday but has rebounded, with prices hovering near $90 per ounce and an 8% increase for two consecutive days [3] - Goldman Sachs advises caution for volatility-averse clients regarding silver due to a shortage in the London market, which is increasing price volatility [4] - Year-to-date, bullion prices are up approximately 14%, while silver has increased by about 16% [6]